When a country has done terrible things, there are only three options: (1) do nothing, (2) economic sanctions, or (3) military action; given these are the only choices, sanctions are often chosen despite not being optimal

causalpending

Speaker

Larry Summers

Evidence Quote

You got basically three options. Do nothing. Do economic sanctions. Or have like a shooting war...it's not that surprising that pretty often people go back to economic sanctions even if they're not the world's greatest policy cuz they're better than the alternatives.

Source

Tariffs, Decline, and the Promise of AI | A Conversation with Larry Summers and Niall FergusonUniversity of Austin (UATX)
Created: 8/11/2026, 6:52:24 AM

My Notes

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